New fixed assets policy announced
According to President's Advisory Council resolution on 12 September 2006, the definition of the fixed assets will be changed to refer to purchased items costing a minimum of 15,000 baht and with two-year lifetime.
With effective from 1 January 2007, for any purchase of item costing less than 15,000 baht, a dean or office head can approve the purchase directly and charge to materials and supplies budget.